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Grosvenor House Hotel News

17 Aug 2015

Not selling overseas properties: Sahara to Surpreme Court

Sahara Group Monday told the Supreme Court that it was not selling its three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels and alleged that some entities are "looking to grab these properties".

14 Aug 2015

Two foreign firms move SC to buy Sahara's overseas hotels

Two private firms on Friday moved the Supreme Court expressing their willingness to buy Sahara Group's three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels, which will help raise money for release of Subrata Roy from jail.

08 Jun 2015

Sahara seals Rs 5,500-cr debt deal for foreign hotels: Report

In a major deal for Saharas, billionaire brothers David and Simon Reuben have acquired control of the crisis-hit Indian group's iconic Grosvenor House hotel here and the two US properties -- Plaza and Dream Downtown -- in a USD 850 million (Rs 5,500 crore) debt refinance deal, a media report said .

07 Jun 2015

Sahara clinches $850 mn debt deal for foreign hotels: Report

In a relief for the crisis-hit Sahara Group, the Indian company has sealed the sale of its Grosvenor House hotel here and two US properties -- Plaza and Dream Downtown -- in a $850 million debt refinance deal, a local media report said on Sunday.

Sahara Debt-deal

07 Jun 2015

Sahara seals Rs 5,500 cr debt deal for foreign hotels: Report

Saharas' refinancing arrangements involved getting a fresh loan for the three properties. A part of the proceeds would be given to Bank of China for release of Grosvenor House from "administration", while the remainder could be deposited with Sebi to secure release of Roy and two other top officials from Tihar Jail.

28 May 2015

Sahara Group says not bidding for Grosvenor House hotel

With its prized property, Grosvenor House, put on sale by lender Bank of China for a loan 'default', crisis-hit Sahara group Thursday said it is not participating in any re-auctioning of the London hotel.

27 May 2015

Sahara enters fray for its own Grosvenor hotel!

In an interesting turn of events, crisis-hit Sahara has entered the fray for buying its own Grosvenor House hotel, which was put on sale by its lender Bank of China after a 'technical default'.

20 Jan 2015

Sahara Group close to $2 billion deal with Mirach Capital

Looking to garner funds to secure bail for its Chairman Subrata Roy, Sahara Group is in advanced stages of tying up a financial package worth nearly USD 2 billion (over Rs 12,000 crore) from US-based Mirach Capital Group.

Sultan of Brunei

19 Aug 2014

Sultan of Brunei denies report of bid for Sahara's New York, London hotels

Subrata Roy, has been negotiating a sale of the hotels from a makeshift office in prison in New Delhi.

Sultan of Brunei

17 Aug 2014

Sultan of Brunei bids for Sahara's New York and London luxury hotels: WJS

The Sultan of Brunei has made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel, the Wall Street Journal's website edition reported on Saturday, citing people familiar with the situation.

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